Amendment of Section 5
In section 5 of the Gift-tax Act, with effect from the 1st day of April, 1987,-
(a) in sub-section (1), clauses (iiia), (vi), (viii), (ix), (xiv) and (xvi) shall be omitted;
(b) in sub-section (1A), the words, brackets and figures "or clause (vi)" shall be omitted;
(c) in sub-section (2), for the words "five thousand", the words "twenty thousand" shall be substituted;
(d) sub-section (3) shall be omitted.